Monday, August 29, 2011

And Even More Cantor Fun: On Dirty Air As the Price of Jobs

The House Republican agenda this fall will focus on repealing environmental and labor regulations that GOP lawmakers say are driving up the cost of doing business and discouraging employers from hiring new workers.
House Majority Leader Eric Cantor, R-Va., says in a memo to his fellow Republicans that as soon as Congress returns to Washington next week he will start bringing up bills to repeal or restrict federal regulations. He also said the House would also act on a small business tax deduction.
The memo was released Monday.
The GOP approach to job creation comes as President Barack Obama prepares to announce after Labor Day a broad jobs package expected to include tax cuts, infrastructure projects and help for the unemployed.
“By pursuing a steady repeal of job-destroying regulations, we can help lift the cloud of uncertainty hanging over small and large employers alike, empowering them to hire more workers,” Cantor said in his memo
What can I say about it without having to go and bang my head against the garage door already? Perhaps that the "job-destroying regulations" might mean clean air for the workers or reduced wear-and-tear on their bodies? That lots of things could "empower" employers to hire more people, including wages set at one cent per hour, say, and that many of those things would be the exact opposite of "empowerment" from the workers' point of view?

But most importantly, why do we suddenly hear so much about the need to lift "the cloud of uncertainty" from entrepreneurs, when it is that very uncertainty which justifies earning above-normal profits in the first place? Or put more succinctly, why are the only people who are rewarded for bearing risks, the entrepreneurs, suddenly the ones we should protect against risks?

Come to think of it, everyone else is expected to bear more risks, from consumers of health insurance to people planning to retire. But I don't read the wingnuts planning to protect any of those groups from uncertainty. The reverse, rather.